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Quiz 2025 SAP Perfect C_TS4FI_2023: Valid Exam SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Blueprint

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SAP C_TS4FI_2023 Exam Syllabus Topics:

Topic
Details

Topic 1

General Ledger Accounting: Under this topic, the focus is on creating and maintaining general ledger accounts, bank master data, and house banks.

Topic 2

Organizational Assignments and Process Integration: It focuses on managing organizational units, currencies, validations, document types, and number ranges. It also involves utilizing reporting tools and configuring substitutions.

Topic 3

Overview and Deployment of SAP S
4HANA: The topic gives an overview of SAP HANA architecture. Moreover, it describes the scope and deployment options of SAP S
4HANA.

Topic 4

Accounts Payable & Accounts Receivable: It covers reversing invoices and payments, blocking open invoices for payment, configuring the payment program, defining payment medium workbench settings, and handling debit balance checks.

Topic 5

Financial Closing: This topic covers performing month and year-end closing tasks in Financial Accounting. It involves monitoring closing operations using the Financial Closing Cockpit, managing accruals, and handling posting periods.

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SAP Certified Associate - SAP S/4HANA Cloud Private Edition, Financial Accounting Sample Questions (Q56-Q61):

NEW QUESTION # 56
At which levels can the print program and its variant be assigned to the correspondence type? Note: There are 2 correct answe-rs to this que-stion.

A. Client
B. Company
C. Company code
D. System

Answer: A,C

NEW QUESTION # 57
You post an incoming payment from a customer with a residual item for a payment difference. What are the consequences? Note: There are 2 correct answers to this question.

A. Both the original open item and the residual item remain on the account as open items.
B. The residual item becomes a new receivable.
C. The original document and the payment are cleared.
D. The residual item is written off to a cost account.

Answer: B,C

Explanation:
* Residual Item Becomes a New Receivable: When you post an incoming payment with a residual item, the remaining balance that is not covered by the payment is treated as a new receivable. This means a new open item is created in the customer's account representing the unpaid amount.
* Original Document and Payment are Cleared: The original invoice and the payment are cleared in the accounting system. This involves matching the payment against the original invoice, thereby updating the status of the original invoice to cleared and creating a new open item for the residual amount.
References
* Detailed procedures on how these processes are managed within SAP can be found in SAP training materials and configuration documents. Specifically, the handling of residual items and the clearing process are elaborated in SAP FICO modules documentation.

NEW QUESTION # 58
What are characteristics of depreciation area 01? Note: There are 2 correct answe-rs to this que-stion.

A. It must be linked to leading ledger OL.
B. It must be defined as a cost accounting valuation area type.
C. It cannot take over values from other areas.
D. It must always post in real time.

Answer: C,D

NEW QUESTION # 59
How does the system determine the relevant accounting principle when performing foreign currency valuation?

A. Via the valuation method
B. Via the valuation type
C. Via the valuation class
D. Via the valuation area

Answer: B

Explanation:
In SAP S/4HANA, foreign currency valuation is performed to adjust the local currency equivalent of foreign currency-denominated balances based on exchange rate fluctuations. The system determines the relevant accounting principle (e.g., local GAAP, IFRS) for foreign currency valuation using the valuation type . Let's analyze each option to determine the correct answer.
Explanation of Each Option:
A. Via the valuation type
* Correct : The valuation type is used to determine the relevant accounting principle for foreign currency valuation. Valuation types are configured to represent different accounting principles (e.g., local GAAP, IFRS) or specific reporting requirements. During foreign currency valuation, the system uses the valuation type to apply the appropriate exchange rates and generate postings consistent with the selected accounting principle.
* Reference : According to SAP documentation, valuation types are key to defining the accounting principle and ensuring that foreign currency valuation complies with the required reporting standards.
B. Via the valuation method
* Incorrect : The valuation method defines how the valuation is calculated (e.g., balance sheet valuation, open item valuation). While it specifies the technical approach for performing the valuation, it does not determine the accounting principle. The accounting principle is determined by the valuation type, not the valuation method.
* Reference : Valuation methods focus on the calculation logic, not the accounting principle.
C. Via the valuation class
* Incorrect : The valuation class is used in material management (MM) to classify materials for inventory valuation purposes. It is unrelated to foreign currency valuation in financial accounting.
Valuation classes do not influence the determination of accounting principles for foreign currency valuation.
* Reference : Valuation classes are specific to inventory and material valuation, not foreign currency valuation.
D. Via the valuation area
* Incorrect : The valuation area is a concept used in material management (MM) to define the organizational level at which materials are valuated (e.g., plant level or company code level). It is unrelated to foreign currency valuation in financial accounting. Valuation areas do not determine the accounting principle for foreign currency valuation.
* Reference : Valuation areas are specific to inventory valuation and have no role in foreign currency valuation.
Key References to SAP S/4HANA Documentation:
* SAP S/4HANA Finance for Foreign Currency Valuation : Explains how valuation types are used to determine the relevant accounting principle during foreign currency valuation.
* SAP Help Portal - Foreign Currency Valuation : Provides detailed guidance on configuring valuation types and their role in applying accounting principles.
* Valuation Types in SAP S/4HANA : Describes how valuation types are linked to accounting principles and reporting requirements.
* Material Valuation Classes and Areas : Highlights the distinction between valuation classes/areas in material management and their irrelevance to foreign currency valuation.

NEW QUESTION # 60
You post an unplanned depreciation to an asset. What is the effect on FI-AA and FI-GL?

A. Posting is done in FI-AA and in FI-GL online and in real time.
B. Posting is done in FI-AA in real time and in FI-GL once the periodic posting program has run.
C. Posting is not done in FI-AA and in FI-GL until the depreciation posting program has run.
D. Posting is done in FI-AA in real time and in FI-GL once the depreciation posting program has run.

Answer: A

NEW QUESTION # 61
......

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